While Walking Past the School Cafeteria,you Pick Up on the Scent

question 56

Multiple Choice

While walking past the school cafeteria,you pick up on the scent of apples baking,and you suddenly feel happy.Later you remember that your grandmother used to always bake apple pie on holidays.What explanation would a neuropsychologist give for the emotional response you experienced?

• A)The olfactory fibers are myelinated,so the sensory input is processed immediately and associated memories are activated.
• B)The smell of food (a basic need)always provokes a positive emotional response.
• C)Olfactory input projects first to the limbic system and the hippocampus.
• D)Baked apples are an example of "umami," which triggers the release of pleasure - inducing substances in the brain.

Calculate inventory costs using different methods (FIFO, LIFO, Average Cost).

Understand the implications of errors in inventory reporting on financial statements.

Analyze the effects of rising and falling prices on inventory valuation and company profitability.

Interpret the financial metrics related to inventory management, such as inventory turnover and days’ sales in inventory.